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APRA’s report on CBA: Key takeaways for Boards

Regulator

The latest updates, news and changes in banking and financial services regulation in the Australia market

APRA’s report on CBA: Key takeaways for Boards

Many of the issues identified in the Report are of broader relevance to all major Australian corporate entities, their boards and senior management.

06 June 2018
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Foreign financial service providers – ASIC announces proposed licensing changes

ASIC has today released a Consultation Paper announcing important proposed changes to the Australian financial services licence regime for FFSPs.

01 June 2018
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Superannuation: Assessing Efficiency and Competitiveness – the Productivity Commission’s Draft Report released today

The Productivity Commission’s Draft Report aims to provide an overall assessment of the superannuation system and recommend policy changes.

29 May 2018
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A new data economy: Open Banking to start in Australia on 1 July 2019

This is not restricted to the banking sector. Treasury and the ACCC are already considering its expansion to the energy and telecommunications sectors.

10 May 2018
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New banks, new rules: APRA updates ADI licensing regime

APRA's revised framework for licensing of authorised deposit-taking institutions coincides with relaxed restrictions on the use of the word “bank” in the Banking Act.

09 May 2018
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Decrypting crypto? ASIC and the ATO provide further guidance on crypto compliance

Australian regulators have released new guidance in an effort to help provide additional clarity on initial coin offerings (ICOs) and cryptocurrency compliance.

04 May 2018
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A new era for open data in Australia: the Government responds to the Productivity Commission

The Australian Government has issued its long-awaited response to the Productivity Commission’s Data Availability and Use Inquiry, affirming its commitment to data reform.

02 May 2018
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New APRA prudential standard combatting cyber attacks

CPS 234 is the first prudential standard to address information and cyber security.

20 April 2018
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Contracting after 1 July 2018? Counterparties beware.

Key things to watch for in the ipso facto regulations: Carve outs will be confirmed, categories are expected to expand.

07 March 2018
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A new year’s resolution for a crisis: new APRA powers now law

The Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018 has now passed and taken effect.

06 March 2018
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Productivity Commission releases draft report on Competition in the Australian Financial System – stability and competition

The Productivity Commission's draft findings from its inquiry into competition in the Australian Financial System rreveal that Australia’s regulation has favoured stability over competition.

15 February 2018
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Is your D&O Policy BEAR ready?

The Commonwealth Government’s Banking Executive Accountability Regime has recently been passed and awaits Assent from the Governor-General before taking effect.

13 February 2018
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